ಏಪ್ರಿಲ್ ೧೪ ರಂದು ಸರ್ಕಾರಿ ರಜೆ ಘೋಷಣೆ

ಬಿ. ಆರ್. ಅಂಬೇಡ್ಕರ್ ಜಯಂತಿ ಪ್ರಯುಕ್ತ ದಿನಾಂಕ ೧೪.೦೪.೨೦೧೨ ರಂದು ಸರ್ಕಾರಿ ರಜೆ ಘೋಷಣೆ ಆಗಿರುತ್ತದೆ.

REVISED INTEREST RATES OF SMALL SVINGS SCHEMES WITH EFFECT FROM 01.04.2012

Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingly, the rate of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:
Scheme
Rate of Interest w.e.f. 1.12.2011
Rate of Interest w.e.f. 1.4.2012
Savings Deposit
4.
4
01 year Time Deposit
7.7
8.2
2 year Time Deposit
7.8
8.3
3 year Time Deposit
8.0
8.4
5 year Time Deposit
8.3
8.5
5 year Recurring Deposit
8.0
8.4
5 year SCSS
9.0
9.3
5 year MIS
8.2
8.5
5 year NSC
8.4
8.6
10 year NSC
8.7
8.9
PPF
8.6
8.8
Necessary notifications, including those requiring amendments to rules of small savings schemes will be notified separately.

Cheques, Drafts validity only 3 months from April 1

NEW DELHI, MAR 23: Come April 1 and cheques and bank drafts will be valid only for 3 months, a development that RBI thinks will help mitigate frauds related to such instruments.

The Reserve Bank of India (RBI) has directed that with effect from April 1, 2012, banks should not make payments against cheques, drafts, pay orders or banker’s cheques if they are presented after the period of three months from date of issue.

It has been brought to its notice by the government that some persons were taking undue advantage of the six month validity of cheques, drafts, pay orders, banker’s cheques by circulating them like cash for this period, RBI had said in a notification earlier.According to a senior banker, the three-month validity period is a good enough time period for instrument conciliation.“RBI is satisfied that in public interest and in the interest of the banking policy, it is necessary to reduce the period within which cheques/drafts/pay orders/banker’s cheques are presented for payment from six months to three months from the date of such instrument,” it had said.Source : www.thehindubusinessline.com/ dtd 23/03/2012

Retirement age of central and state government employees in india

Retirement age 60 yrs
All central Government employees
In all Union Territories
Bengal
Tripura
Karnatakam
Assam
Bihar
Madhya pradesh
Andhra Pradesh
Meghalaya
Chattisgarh
Gujrath
Hariyana
Himachal Pradesh
Nagaland
Punjab
Sikkim
Uttaraghand
Uttar Pradesh
.......
Retirement Age 58 Years
Tamil Nadu
Arunachal Pradesh
Goa
Kashmir
Maharashtra
Manippur
Missoram
Odisha
Retirement age 56 Years
Kerala
Jharkhand
Courtesy : www.imyideas.com

Interest rates on small savings schemes may go up by 0.25%

Interest rates on small savings schemes may go up by 0.25%The government is likely to hike the interest rates on deposit schemes offered by post offices, like savings account, Monthly Income Scheme (MIS), Public Provident Fund (PPF), etc by about 0.25 per cent from April 1.A circular on revised interest rate on small savings scheme will be issued by March 28, official sources said, adding that there could be a 0.25 basis points hike in the rates."We are in the process of calculating the rates. The new rates will be applicable from April 1," they added.The government had in December, 2011 hiked interest rates on post office savings accounts (POSA) to 4 per cent, from 3.5 per cent. Similarly, the interest rates on the MIS and PPF was fixed at 8.2 per cent and 8.6 per cent respectively.The decision to hike interest rates in December was in line with the recommendations of the Shyamala Gopinath Committee which had suggested linking of interest rates on small savings with that of the market. The panel had also suggested that the interest rates on small savings schemes should be revised annually.The revision in the interest rates is aimed at maintaining the attractiveness of the small savings schemes vis-a-vis fixed deposit schemes operated by banks.The government, as part of economic liberalisation process, had freed the interest rates on banks deposits giving freedom to lenders to fix rates depending upon the asset-liability position, but continued to fix rates for small savings schemes.Pursuant to the recommendations of the Gopinath Committee, the government had introduced the National Savings Scheme (NSC) with a 10-year maturity to attract long-term funds.The annual investment ceiling in PPF savings was increased to Rs 1 lakh from Rs 70,000.Source:- The Economic Times

CABINET APPROVES 7% HIKE IN D.A.

UNION CABINET HAS APPROVED 7% HIKE IN DEARNESS ALLOWANCE TO CG EMPLOYEES AND PENSIONERS
THE CENTRAL GOVERNMENT ON FRIDAY APPROVED A SEVEN PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM 1st JAN 2012.
THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 58% PER CENT OF BASIC EMOLUMENTS TO 65% PER CENT WITH EFFECT FROM 1.1.2012

INTEREST RATES ON GENERAL PROVIDENT FUND (GPF) HAS BEEN REVISED TO 8.6% (EIGHT POINT SIX PERCENT) WITH EFFECT FROM 1.12.2011

Resolution - accumulations at the credit of subscribers to the GPF and other similar funds - 2011-2012(89 KB) (Dated 19th March, 2012) (PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)

F.NO. 5(1)-B(PD)/2011

Government of India

Ministry of Finance

(Department of Economic Affairs) New Delhi, the 19th March, 2012 RESOLUTION

It is announced for general information that during the year 2011-2012, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six percent) with effect from 1.12.2011.The funds concerned are:—

1. The General Provident Fund (Central Services).

2. The Contributory Provident Fund (India).

3. The All India Services Provident Fund.

4. The State Railway Provident Fund.

5. The General Provident Fund (Defence Services).

6. The Indian Ordnance Department Provident Fund.

7. The Indian Ordnance Factories Workmen’s Provident Fund.

8. The Indian Naval Dockyard Workmen’s Provident Fund.

9. The Defence Services Officers Provident Fund.

10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

sd/-

(Brajendra Navnit)

Deputy Secretary (Budget)

Increment between February to June during 2006

Monday, March 19, 2012

CLICK HERE FOR ORDERS

http://finmin.nic.in/the_ministry/dept_expenditure/notification/misc/DateofIncrement_RevPayRules2008.pdf

A Great Woman was there... Happy Women's Day

When I was born..!!
A Great Woman was there To hold me.. My Mother..!!

When I grew as a child..!!
A Woman was there to Care for Me & play with me.. My Sister.. !!

When I went to School..!!
A Woman was there To help me learn.. My Teacher.. !!

MWhen I became depressed & whenever I lost..!!
A Woman was there to offer a shoulder..My Friend.. !!

When I needed company, compatability & love..!!
A great woman was there for Me.. My Wife.. !!

When I became tough..!!
A Woman was there To melt me.. My Daughter.. !!

And.. When I Die..
A Woman is there to absorb me In My Motherland.. !!

If you are a Man Value Every Woman.. !!

And..

If you are a Woman.. Be proud to be the One.. ! :) ♥


♥♥♥Dedicated to all women who made this world so beautiful♥♥♥
♥♥♥Without U… there is no meaning to this world♥♥♥